Profile picture for Peter Thompson

  • Ptmortgage

Peter Thompson
Senior Loan Officer (23 years experience)

Specialties:

Purchase Loan, Refinancing, Rehab and renovation mortgages

Add personality to your profile! Tell the community about yourself, your home, and your profession.

As a mortgage loan officer since 1992, I have helped a whole lot of families and individuals buy their own homes and take control of their financial future.  The mortgage industry has come full circle since I started in this industry. Back when I first started out, FHA was one of the best options for first time home buyers and any one who wanted a loan had to go through a full underwriting process where we verified all their income assets and made sure they were able to afford the new loan payment. Over the years credit scoring became the biggest factor in loan approval, and if you could fog a mirror, you could get a loan. Now we are back where we started. In this new lending environment, having an experienced loan officer who knows how to structure your transaction can mean the difference between closing on time, and not closing at all. My approach is to stress education and communication. Understanding how the mortgage process works and what options are available gives you the information you need to make the decision that is best for you. My blog, is an extension of my business, another way to educate and communicate. When speaking with potential clients, I take the time to go into depth on their financial situation and long and short term goals. This way I can make sure that I suggest the financing option that will fit best both for now and in the future. I live and work in Dupage County, just west of Chicago and in the heart of the Chicago Suburbs, and the bulk of my business is concentrated in the greater Chicago area. Let me know what I can do to help you.

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Ratings & Reviews
- Highly likely to recommend
07/23/2014 - sunaysal
Closed purchase loan. Naperville, IL
Pete was very responsive, catered to my needs, and made sure to stay on top of his crew to get things we done. We ran into an obstacle that was out of their hands, but they made sure to stay in touch with me and keep me apprised on the situation. They were extremely helpful.
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Response from Peter

 

- Highly likely to recommend
07/22/2014 - user21705768
Closed purchase loan. Itasca, IL
My husband and I worked with Pete to obtain a loan for the purchase of our new home. Pete was absolutely wonderful to work with! He is very responsive and knowledgeable. My husband and I had tons of questions and he made the process very simple and was always available when we needed him. I highly recommend Pete!

Joe and Patti Stella
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- Highly likely to recommend
07/20/2014 - elizabeth lee payne
Closed purchase loan. Villa Park, IL
Working with Peter Thompson & Prospect Mortgage Co. was the best decision I ever made in purchasing my first home. Not only did they find me a good interest rate, they helped me organize my finances to accommodate the requirements needed to qualify for the home as well. Prior to going Prospect Mortgage, I went through various other lenders such as Chase, PERLE Mort & Inland Bank, each bank had disappointing outcomes. Pete & Prospect Mortgage were able to approve me for $60k more than any of the other banks. Before you go through anyone else, I HIGHLY recommend you see Prospect Mortgage first. Their honesty, knowledge of the market/field, respect for others & professionalism will be sure to take care of your needs. This company is Top Notch and they made my dreams come true when everyone else closed the doors on me.  MoreLess
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Response from Peter

 

Professional Information
Address:
Prospect Mortgage
1717 N Naper Blvd
Naperville, IL  60532
Office:
(331) 333-7093Click to view
 
Mobile:
(630) 479-6424Click to view
 
Fax:
(877) 773-1476Click to view
 
Click to view
Websites:
Website
 
, Blog
 
,
 
,
 
, LinkedIn
 
Advice posts:
10
Screen name:
Ptmortgage
Member since:
11/04/2011
NMLS #:
  • 283204